Gold and Silver Prices Fall This Week
Listen to the story
Gold and silver prices fell in India this week, according to a market report.
The price of silver dropped by ₹6,536 per kilogram. It is now around ₹2.29 lakh per kilo.
Gold prices also went down. The price of 10 grams of gold fell by ₹2,946.
Many people are now asking a big question: will gold reach a target price of ₹15 lakh?
Gold and silver prices in India often move quickly because of changes in the world market.
Some analysts look closely at these price changes and try to guess future prices.
This week's fall came as a surprise to some buyers, since prices had been rising before.
Gold and silver are often called precious metals because they are rare and valuable.
Many Indian families buy gold, especially for weddings and festivals, so price changes matter a lot to them.
The report did not give more details about why prices changed, but it noted the sharp drop in both metals this week.
Vocabulary10 words
- silver
- a shiny white metal used for jewelry and other items
- gold
- a shiny yellow metal that is very valuable
- target
- a price that people expect or hope a value will reach
- market
- the system where buyers and sellers trade goods, like gold
- analyst
- someone who studies information and gives opinions about it
- precious metals
- rare and expensive metals, like gold and silver
- lakh
- an Indian word for the number 100,000
- kilogram
- a unit used to measure weight
- drop
- to become lower in price or amount
- sharp
- sudden and big, used to describe a fast change
Quiz
Answer key
1. It fell by ₹6,536 per kilo 2. ₹2.29 lakh 3. True
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Gold and silver prices fell in India this week, according to a market _____.
The price of silver dropped by _____ per kilogram.
It is now around ₹2.29 _____ per kilo.
Gold prices also went down. The price of 10 grams of gold fell by _____.
Many people are now asking a big question: will gold reach a _____ price of ₹15 lakh?
Gold and silver prices in India often move quickly because of changes in the world _____.
Some _____ look closely at these price changes and try to guess future prices.
This week's fall came as a _____ to some buyers, since prices had been rising before.
Gold and silver are often called _____ metals because they are rare and valuable.
The report did not give more details about why prices changed, but it noted the _____ drop in both metals this week.
Discussion questions
- Why do you think gold and silver prices change so quickly?
- Do you think gold could reach ₹15 lakh? Why or why not?
- Why are gold and silver important to many families in India?
- Have you ever bought gold or silver? What made you decide to buy it?